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||||Page|
|---|---|---|---|
|Reference and administrative||details ofthe Charity, its Trustees and advisers||
|Trustees' report||||
|Independent
auditors'|report|on the financial statements|8-11|
|Statement offinancial|activities||12|
|Balance sheet|||13|
|Statement ofcash flows|||14|
|Notes tothe financial|statements||15-30|
|Trustees||Mr BEvans|||
|---|---|---|---|---|
|||Miss A Hage (resigned 26April 2021)|||
|||Mrs BWillmott|||
|||Mr A Brown|||
|||Miss EJohnson|||
|||MrJMasters (resigned 26 July 2021)|||
|||Mr W Robertson|||
|||DrA Pearson|||
|||Mr G Hooper|||
|||Mr W Simpson|||
|||MsSEverard (appointed 26July 2021)|||
|Company registered|||||
|number||07489189|||
|Chartty registered
number||1163421(England
&Wales)
SCO46500 (Scotland)|||
|Reghrtered|oNce|6Fore Street|||
|||Newquay|||
|||United Kingdom|||
|||TR7 1LN|||
|Chief executive oNIcer||Joseph Taylor|||
|Independent|auditors|Bishop Fleming|LLP||
|||Chartered Accountants|||
|||10Temple Back|||
|||Bristol|||
|||BS16FL|||
|Bankers||Lloyds Bank Pic|||
|||14Molesworth|Street||
|||Wadebridge|||
|||Cornwall|||
|Solicitors||Osborne Clarke|||
|||2Temple Back|East||
|||Temple Quay|||
|||Bristol|||
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|The tab
risks to|le below shows an overview ofthe
the charity.|m|ai|n areas of focus identified
by the Trustees to mitig|a|te t|he|k|ey|
|---|---|---|---|---|---|---|---|---|---|
||Action|||Rationale and Detail||||||
|1.|Trustees to support the Chair of|||Diversify sources ofincome, by developing
the||||||
||Finance by raising funds and by|||membership
scheme; individual
giving; the retail and||||||
||identifying
posshle opportunities.|||online store and regular donation
income||||||
||Risk 2|||||||||
|2.|Improve the quafity ofour service by|||Monitor progress sofar on our scientific evaluation|of|||||
||helping our research supplier to|||courses.
Are we missing
opportunities
orthreats'P||||||
||develop industry
leading analytics|||||||||
||Risk 3|||||||||
|3.|Continue to develop the staffing and|||Review security and data handling
in the light ofthe||GDP||||
||data securi
Risk 1|||I
islation introduced
in Ma 2018.||||||
|4.|Develop and implement a marketing|||Develop the retail store case, and online offer tosecure|||a|||
||lan
Risk 2|||turnover
ofover F100000this
ear||||||
|5.|Develop and implement a marketing|||Aim to grow further the income from supporters.||||||
||lan
Risk2|||||||||
|6.|Consolidate the expansion ofthe|||Monitor Management
Information
to ensure a high||||||
||Wave Project's newer locations (Risk||1|standard
of H and Scontrol, financial control, good||client||||
||and 4|||and volunteer
relations,
and written su
iercontracts.||||||
|We have been able to maintain
a service|||delivery
for all projects
by successful
funding
applications|||||and||
|working|closely with local authorities
throughout|||the UK. Our core activity ofsurf therapy has been|maintained|||||
|by a combination
ofgrants and donations.||||||||||
|PUBLIC BENEFIT||||||||||
|The Trustees
have
complied
with
their||duty||to have
due
regard
to guidance
published
by|the||Charity|||
|Commission
on the operation ofthe Public||Benefit requirement.||||||||
|ACHIEVEMENTS AND PERFORMANCE||||||||||
|2021 saw a big rise in demand
for the services of The Wave Project due to the impact ofthe pandemic|||||||||on|
|children|and young
people's
mental
health||and wellbeing.
The Charity
responded
by increasing|||capacity|||in|
|order to deliver more services and reach more||||young people across its 16locations across the UK.||||||
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|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022|2022|2021|
|||R|R|||
|INCOME FROM:||||||
|Donations
and legacies||$25,546|504,216|1,129,762|930,056|
|Charitable
activities||1,000|232,$36|233,836|243,623|
|Other trading
activities|||115,080|115,080|83,544|
|TOTAL INCOME||626,546|851,932|1,478,478|1,257,223|
|EXPENDITURE ON:||||||
|Raising funds|||62,802|62,802|37,391|
|Chadtable
activities||687,651|913,588|1,601,239|1,036,276|
|TOTAL EXPENDITURE||887,651|976,390|1,664,041|1,073,667|
|NET MOVEMENT|IN FUNDS|(61,105)|(124,458)|(185,563)|183,556|
|RECONCILIATION|OF FUNDS:|||||
|Total funds brought|fonvard|314,059|128,769|442,828|259+72|
|Net movement
in funds||(61,105)|(124,458)|(185,563)|183,556|
|TOTAL FUNDS CARRIED FORWARD||252,954|4,311|257,265|442,828|
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|||||2021|
|---|---|---|---|---|
|||||F|
|CASH FLOWS FROM OPERATING ACTIVITIES|||||
|Net cash|used in operating
activities||(212,838)|280,263|
|CASH FLOWS FROM INVESTING ACTIVITIES|||||
|Purchase|ofintangible assets|||(11,875)|
|Purchase|oftangible fixed assets||(24,998)|(57,293)|
|NET CASH USED IN INVESTING ACTMTIES|||(24,998)|(89,188)|
|CHANGE|IN CASH AND CASH EQUIVALENTS|IN THE YEAR|(237,83$)|211,995|
|Cash and|cash equivalents
at the beginning
ofthe year||388,254|175,159|
|CASH AND CASH EQUIVALENTS AT THE END||OF THE YEAR|148,418|386,254|
|The notes|on pages 15to30form part ofthese financial statements||||
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|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022|2022|2021|
|||R|R|||
|Donations|||365,757|385,757|165,940|
|Grants||625,546|138,459|784,005|639,316|
|Government|grants||||124,800|
|||625,546|504,216|1,129,782|930,056|
|TOTAL 2021||690,006|240,050|930,056||
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||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2022|2022|2022|2021|
||R||R|F|
|Sales and services|1,000|185,728|188,728|234,855|
|Surf Club||46,908|48,908|8,768|
|TOTAL 2022|1,000|232,636|233,63$|243,623|
|TOTAL 2021|4,210|239,413|243,623||
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|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2022|2022|2021|
|R|R||
|115,080|115,080|83,544|
|83,544|||
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|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|Total|Total|
|||directly|costs|funds|funds|
|||2022|2022|2022|2021|
|||R|R|R||
|Costs ofcharitable|activities|1,038,456|562,783|1,601,239|1,036,276|
|TOTAL 2021||675,459|360,817|1,036,276||
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||||||Total|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2022|2021|
||Staff costs||||132,581|90,898|
||Depreciation||||37,730|35,618|
||Legal and professional fees||||86,922|20,402|
||Premises costs||||81,560|68,694|
||IT||||9,272|9,347|
||Training||||11,168|7,094|
||Administration||||164,324|105,428|
||Fundraising||||1,308|612|
||Loss on fixed|asset disposal|||5,716||
||Governance|Costs|||32,103|22,724|
||||||562,783|360,817|
|7.|AUDITORS'|REMUNERATION|||||
||Fees payable|to the Charity's|auditor forthe audit ofthe Charity's|annual|||
||accounts||||10,680|10,200|
##
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|||||2021|
|---|---|---|---|---|
|||||P|
|Wages and|salaries||854,309|601,568|
|Social security costs|||64,370|49,217|
|Contdbution|to defined contribution|pension schemes|18,140|11,557|
||||934,819|662,342|
||2022|2021|
|---|---|---|
||No.|No.|
|CEO|1||
|Administrators|5|5|
|Project inanagers|23|19|
|Project workers|11|2|
|||27|
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|INTANGIBLE ASSETS||
|---|---|
||Computer|
||software|
||R|
|COST||
|At 1 February 2021|11,875|
|At 31January 2022|11,875|
|AMORTISATION||
|Charge for the year|2,375|
|At 31January 2022|2,375|
|NET BOOKVALUE||
|At 31January 2022|9,500|
|At 31January 2021|11,875|
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||Freehold|Plant and|Iwotor|Rxtures and||
|---|---|---|---|---|---|
||property|machinery|vehicles|fittings|Total|
||||R||R|
|COST||||||
|At 1 February 2021|5,716|51,558|34,404|108,884|200,582|
|Additions|||19,690|5,308|24,998|
|Disposals|(5,716)||||(5,716)|
|Transfers between classes||||(2,834)||
|At 31January 2022|||54,094|111,358|219,844|
|DEPRECIATION||||||
|At 1 February 2021||41,506|9,924|74,175|125,605|
|Charge for the year||7,554|10,819|16,990|35,383|
|Transfers between dasses||710||(710)||
|At 31January2022||49,770||90,455|160,968|
|NET BOOK VALUE||||||
|At 31January 2022||4,622|33,351|20,903|58,876|
|At 31January 2021|5,716|10,052|24,480|34,709|74,957|
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||||2021|
|---|---|---|---|
|DUE WITHIN|ONE YEAR|||
|Trade debtors||26,245|2,952|
|Prepayments|and accrued income|34,514|15,571|
|||60,759|18,523|
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|||2022|2021|
|---|---|---|---|
|||R||
|Trade creditors||3,990|27,257|
|Other taxation and social security||15,389|15,369|
|Other creditors||2,883||
|Accruals and deferred|income|8,900|16,809|
|||30,942|59,435|
##
|STATEMENT OF F|UND|S - CURRENT YEA|R||||
|---|---|---|---|---|---|---|
||||Balance at 1|||Balance at|
||||February|||31January|
||||2021|Income|Expenditure|2022|
||||R|R|R|R|
|UNRESTRICTED FUNDS|||||||
|General Funds|||128,769|851,932|(976,390)||
|RESTRICTED FUNDS|||||||
|Big Lottery|||74,739|99,600|(147,378)|26,961|
|Wave Rangers - Sport England||||83,672|P7,640)|6,032|
|South Devon||||5,700|(1,100)|4,600|
|North Yorkshire Council|||7,522|6,100|(1$5)|13,457|
|Aviva||||10,000||10,000|
|Children
in Need|||95,794|115,280|(148,640)|62,434|
|The Tides Fountains|(Vans)|||73,393|P3,393)||
|Laureaus - Sustainability||and City toSea|3$,109|11,550|(47,659)||
|North Devon|||6,847|60,168|(3?195)|34,820|
|Brighton|||2,687|$,000|(8,687)||
|Scotland|||9,662||(9,662)||
|Tudor Trust|||23,533|35,000|(34,573)|23,960|
|South Wales|||29,068||(29,068)||
|Cornwall|||514||(514)||
|London|||4,101||P20)|8,381|
|Tynemouth|||5,821||(5,821)||
|Foundation
for Children|||4,483|27,500|(24,809)|7,174|
|Barbara Ward Foundation|||7,500|10,000|(8,814)|8,686|
|Buffini Chao Foundation|||5,679|13,125|(13,125)|5,679|
|Lottery Sustainability||||64,458|(23,688)|40,770|
||||314,059|$26,546|(687,651)|252,954|
|TOTAL OF FUNDS|||442,828|1,478,478|(1,6$4,041)|257,2$5|
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|STATEMENT OF FUND|S - PRIOR YEAR|||||
|---|---|---|---|---|---|
|||Balance at|||Balance at|
|||1 February|||31January|
|||2020|Income|Expenditure|2021|
||||K|||
|UNRESTRICTED FUNDS||||||
|General Funds||35,687|563,007|(469,925)|128,769|
|RESTRICTED FUNDS||||||
|Big Lottery||27,419|133,135|(85,815)|74,739|
|Wave Rangers - Sport England||43,966||(43,966)||
|Beach School - Comic Relief||1,683||(1,683)||
|North Yorkshire Council||7,328|20,100|(19,906)|7,522|
|The Henry Smith Foundation||11,459||(11,459)||
|Children
in Need||53,942|127,373|(85,521)|95,794|
|Morrisons||58||(58)||
|Laureaus - Sustainability|and City toSea|24,377|101,142|(89,410)|36,109|
|North Devon||6,645|27,416|(27,214)|6,847|
|Brighton||2,687|||2,687|
|Scotland||9,363|29,500|(29,201)|9,662|
|Tudor Trust||20,820|33,000|(30,287)|23,533|
|South Wales||13,838|20,500|(5,270)|29,068|
|Comwali|||18,500|(17,986)|514|
|London|||5,000|(899)|4,101|
|Tynemouth|||13,750|(7,929)|5,821|
|Foundation
for Children|||10,000|(5,517)|4,483|
|Barbara Ward Foundation|||10,000|(2,500)|7,500|
|Bufllni Chao Foundation|||20,000|(14,321)|5,679|
|CJRS|||124,800|(124,800)||
|||223,585|694,216|(603,742)|314,059|
|TOTAL OF FUNDS||259,272|1,257,223|(1,073,667)|442,828|
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|ANALYS|IS OF NET ASSETSBETWEEN FUN|DS - CURRENT YEAR|||
|---|---|---|---|---|
|||Restricted|Unrestricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
||||R||
|Tangible|fixed assets|20,927|37,949|58,876|
|Intangible|fixed assets||9,500|0,500|
|Current assets||232,027|(12,196)|219,831|
|Creditors|due within one year||(30,942)|(30,042)|
|TOTAL||252,954|4,311|257,265|
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|||Restricted|Unrestricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2021|
||||F||
|Tangible|fixed assets|33,059|41,898|74,957|
|Intangible|fixed assets||11,875|11,875|
|Current assets||281,000|134,431|415,431|
|Creditors|due within one year||(59,435)|(59,435)|
|TOTAL||314,059|128,769|442,828|
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|At 31 January 2022 the Charity had commitments
to make fu
cancellable
operating leases as follows:|ture
minimum
lease payments|under non-|
|---|---|---|
||2022|2021|
||R||
|Not later than 1 year|27,501|27,501|
|Later than 1 year and not later than 5years|09,792|95,418|
|Later than 5years||1,875|
||97,293|124,794|
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